Social welfare retirement pension is payable at age 65 and old age pensions (contributory and non-contributory) are payable at age 66.
The net cost of the reduction of the old age pension age by one year is estimated to be in the order of £30 million in a full year.
The question of pension age is one of the issues being addressed by the National Pension Board in the context of its final report on the future development of pensions generally. I expect to receive the board's report shortly and further consideration will be given to the matter at that stage.